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let's go to lee in california. lee. >> caller: mr. cramer, with the election over, we definitely have to invest in our infrastructure. how will chicago bridge and iron cbi benefit from this, and is it a good player or should by look elsewhere? >> i had my world rocked by the floor quarter, flr. it was so hideous and horrible, i've got to stay away from the business. foster wheeler could be hurt because the clean thing is not going to get the money. i say stay away from infrastructure. >> caller: cramer, i have a question about magnum hunter resources. i purchased about 15,000 shares at 30 cents a share. that's where it's lowest was. my question is, should i hang on to it, buy more, or sell it? >> i'm not a tax accountant, i can't tell you what to do in terms of personal. but i will tell you if i had a stock that bought at 30 cents and went to $3, that's what i call a no brainer. you got hit hard today. what works now? mlps, package consumer goods? how about some johnny walker black. don't move. lightning round is coming up next. ♪ [
let's go to lee in california. lee. >> caller: mr. cramer, with the election over, we definitely have to invest in our infrastructure. how will chicago bridge and iron cbi benefit from this, and is it a good player or should by look elsewhere? >> i had my world rocked by the floor quarter, flr. it was so hideous and horrible, i've got to stay away from the business. foster wheeler could be hurt because the clean thing is not going to get the money. i say stay away from...
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Nov 8, 2012
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california, another package of tax increases on the wealthy. it's past the voters in california, and it's going to drive more business away from a state that desperately needs help. all that's up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> california voters are choosing to raise taxes on high-income taxpayers and increase the sales tax in order to fund education and state programs. so they say. last night voters passed proposition 30 with about a 54% majority. the question, is this tax hike going to destroy the california economy? let's bring in willie brown, former mayor of san francisco. mayor brown, thank you for
california, another package of tax increases on the wealthy. it's past the voters in california, and it's going to drive more business away from a state that desperately needs help. all that's up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at...
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Nov 8, 2012
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. >>> plus, voters in california say raise my taxes. we debate whether this kind of action at the state level could catch on nationwide and the politics and profits of legal pot. could this be the answer for more states to help pay the bills and balance the budget? lots of things coming up top of the hour. guys, back to you on "power lunch." >> that's a controversial one, mandy. we'll see you you at 2:00. >>> samsung's galaxy s3 is the world's best selling smartphone. passing apple's iphone 4s for theirst time last quarter. according to the research firm strategy analytics, samsung sold 18 million units versus apple's 16.2 million. meanwhile, apple stock further in bear territory today with the major markets trading lower as well over the last two months. we want to know -- as apple trends lower, is it possible for other stocks in the overall stock market to recover? kenny pulcari is back with us and bob pisani as well. kenny, start with you. we're doing this because i know you remember and i remember, as go the financials, so goes the
. >>> plus, voters in california say raise my taxes. we debate whether this kind of action at the state level could catch on nationwide and the politics and profits of legal pot. could this be the answer for more states to help pay the bills and balance the budget? lots of things coming up top of the hour. guys, back to you on "power lunch." >> that's a controversial one, mandy. we'll see you you at 2:00. >>> samsung's galaxy s3 is the world's best selling...
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Nov 8, 2012
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for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. >> welcome back. half of the trading day in the books and here's how the top trades look thus far. j.p. morgan getting permission from the fed to resume stock buybacks in the first quarter of 2014, and stephanie link, here's a look at financials getting a snapback today up three quarters of a percent for jpm. >> it putting the london wales to bed. it's accretive to earnings and i think numbers will likely go up and i like this company very much because it has capital markets exposure and a lot of other kinds of areas in the banks where you want and the trade at one time is very attractive. >> whole foods is plunging today after
for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. >> welcome back. half of the...
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Nov 8, 2012
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slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in here. let's get under way with tonight's market focus. >> tom: stocks dropped right from the opening bell today as investor focus shifted beyond election day. the s&p 500 opened down, and fell to its lowest price of the session just before noon eastern time. the pressure was steady throughout the afternoon hours, with the index finishing lower by 2.4%. today's drop in s&p 500 is its sharpest sell-off in four and a half months. it takes the index down to a level last seen in august. trading volume was heavier. 875 million shares on the big board. just over two billion traded on the nasdaq. leading the sell-off, the financial sector falli
slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in here. let's get...
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Nov 8, 2012
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it will push across the northwest in northern california nor tomorrow. this will introduce rain, also some wind and even some extremely low sierra snow. we're going to detail the timing on all of this, and what it means even for your weekend, coming up in just a few minutes. >> okay, thanks, jeff. >>> and it's a one-two storm punch for the northeast, where people are still reeling from hurricane sandy. from flooding to snow, a live report after this break. >>> plus -- >> i'm kimberly tere live in the east bay where a new outlet mall has opened just in time for the holiday shopping season. more on the high-end stores with deep discounts, coming up in a live report. woman: oh! tully's. how do you always have my favorite coffee? well, inside the brewer, there's a giant staircase. and the room is filled with all these different kinds of coffee and even hot cocoa. and you'll always find your favorite. woman #2: with so many choices, keurig has everyone's favorite. i just press this button. brew what you love, simply. keurig. >>> well, the timing could not be
it will push across the northwest in northern california nor tomorrow. this will introduce rain, also some wind and even some extremely low sierra snow. we're going to detail the timing on all of this, and what it means even for your weekend, coming up in just a few minutes. >> okay, thanks, jeff. >>> and it's a one-two storm punch for the northeast, where people are still reeling from hurricane sandy. from flooding to snow, a live report after this break. >>> plus --...
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Nov 8, 2012
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it is the only time that california voters passed prop 13 to 2/3. they will control 27 seats in the 40 member senate and they're closing on the margin in the assembly after tuesday's election as well. here is an extreme way to get to the opposite side of the aisle together. a mother out of kenya gave birth to twin boys and named them brought obama and mitt romney. the 20 year-old mother you see here lives close to the very same benefits and kenya where president obama and father was born. in case you're wondering it will be hard to tell them apart between them without the blankets. maracas and the white blanket and little mat is on the right. >> how was elected rob with those names? interstate 680 in the snow great is a slow 12 online. there is a southbound accident in traffic that remain fairly heavy so we have not seen a lot of relief yet. this is true that you have otherwise been held up farther south of here 680 ride. you're really does trading on back up for another one. we have not seen much improvement for the south 1 01 ride which is basical
it is the only time that california voters passed prop 13 to 2/3. they will control 27 seats in the 40 member senate and they're closing on the margin in the assembly after tuesday's election as well. here is an extreme way to get to the opposite side of the aisle together. a mother out of kenya gave birth to twin boys and named them brought obama and mitt romney. the 20 year-old mother you see here lives close to the very same benefits and kenya where president obama and father was born. in...
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major backlash in california over blacks marijuana laws. dennis: terrible. take a look at the 10-year treasury. tracy: i am tracy byrnes. recent parliament approve the new austerity bill by a razor-thin margin, 80,000 protesters stormed the streets clashing with police. narrowly approved cuts and tax increases were 13.5 billion euros over two years and critical to greece's efforts to stave off bankruptcy. mortgage rates continue to hover near record lows. according to freddie mac arrayed on a 30 year mortgage is up slightly from last week to 3.4%. in the first week of october they cut the record low of 3.6%. the u.s. trade deficit narrowed in september to its smallest imbalance since december of 2010. deficit dropped 5% from august to $41.5 billion as exports rose to a record high. that is the latest from the fox business network where you have the power to prosper. think it's wrd to collect air? you wouldn'think so if you saw what your lungs collect every time you breat. protect your health with life-saving air quality updates from the american lung associa
major backlash in california over blacks marijuana laws. dennis: terrible. take a look at the 10-year treasury. tracy: i am tracy byrnes. recent parliament approve the new austerity bill by a razor-thin margin, 80,000 protesters stormed the streets clashing with police. narrowly approved cuts and tax increases were 13.5 billion euros over two years and critical to greece's efforts to stave off bankruptcy. mortgage rates continue to hover near record lows. according to freddie mac arrayed on a...
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." >>> california voters have ushered in a new era in state politics not seen in more than 100 years. with all precincts counted, democrats are announced they have won a supermajority in both houses of california's legislature. two-thirds majority in the senate and assembly allows democrats to pass tax laws, budgets and other spending issues without any republican support. this marks the first time since 1883 that democrats have held a supermajority. >>> now that voters have officially passed prop 30, college students will see those benefits almost immediately. csu students will get a refund for the tuition increase they paid this semester and tuition costs will roll back even more in the spring. csu officials say they're still working out the details, but students can expect to get back about $250 of their fall tuition. in college, that's large dollars. meantime students at uc berkeley calling for tuition cuts of their own. students will rally today to demand prop 30 funds be used to reduce tuition and bring back programs and classes that were cut due to the funding. the rally coinci
." >>> california voters have ushered in a new era in state politics not seen in more than 100 years. with all precincts counted, democrats are announced they have won a supermajority in both houses of california's legislature. two-thirds majority in the senate and assembly allows democrats to pass tax laws, budgets and other spending issues without any republican support. this marks the first time since 1883 that democrats have held a supermajority. >>> now that voters...
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. >>> a 21-year-old california man confessed to breaking noonan see pelosi's home. arrested during another burglary in the same napa valley neighborhood. he had a watch on him taken from pelosi's house. and police say he admitted to breaking into six homes. >>> still recovering from super storm sandy, residents in new jersey and new york are now being hit by a nor'easter. the heavy, wet snow took down power lines and made the evening commute a pretty dangerous one. >> more than 1,000 flights have been canceled at area's airports and the nation's largest commuter railroad came to a halt. central park picked up 4 inches of snow, which is a record for this date. >> biggest one, ocean county, new jersey, got a foot of snow. pretty big storm. >> you love snow too. >> no, wake me when it is april. the storm is moving into new england making for what is likely to be a messy morning commute. >> with more on the track of snow and rain we are jind by accuweather meteorologist jim dickey. good morning, jim. >> good morning, rob, paula. the effects of the nor'easter. it is roll
. >>> a 21-year-old california man confessed to breaking noonan see pelosi's home. arrested during another burglary in the same napa valley neighborhood. he had a watch on him taken from pelosi's house. and police say he admitted to breaking into six homes. >>> still recovering from super storm sandy, residents in new jersey and new york are now being hit by a nor'easter. the heavy, wet snow took down power lines and made the evening commute a pretty dangerous one. >>...
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fifth place overall on the ballot, with cindy sheehan, 40,000 voters. 36,000 in california. and about 8,000 in florida. she originally recruited willie nelson as her vice president before he backed out. they campaigned on a platform included legalization of marijuana. >> shocking. >> colorado and washington. resource based economy. and forgiveness of student loans. thousand on line they would prefer porn legend ron jeremy. >> well he does take a lot of positions. >> she tweeted. thank you for keeping me on track. i do not concede. in fact, i accept the job of unofficial president of the united states of america. i will serve main street not wall street. >> roseanne. president roseanne. wouldn't that be something, man. >> it would be something. >> speaking of politics here, vice president joe biden, an interesting role here. going to appear on november 15th episode of "parks and recreation" the funny show, amy pohler. of "saturday night live" fame. her character, councilwoman on the show has a huge crush on the vice president. her fiance in the show takes her to the white hou
fifth place overall on the ballot, with cindy sheehan, 40,000 voters. 36,000 in california. and about 8,000 in florida. she originally recruited willie nelson as her vice president before he backed out. they campaigned on a platform included legalization of marijuana. >> shocking. >> colorado and washington. resource based economy. and forgiveness of student loans. thousand on line they would prefer porn legend ron jeremy. >> well he does take a lot of positions. >> she...